Bank and Financial Council (BFC) Reports 95.2% Success Rate in Fixed-Rate Loan Interest Reduction Requests
As of April 14, 2025, the Bank and Financial Council (BFC) announced that 95.2% of requests for fixed-rate loan interest reduction, resulting in a new repayment schedule, have been satisfied. This measure is part of the implementation of Article 412 ter of Law No. 2024-41, which allows borrowers to renegotiate their fixed-rate debts to alleviate financial burdens in a tense economic context.
According to figures published by the BFC, 89,026 requests have been received since the measure came into effect. Of this total, 2,904 are still being processed, while 57,686 have been successfully treated. Meanwhile, 28,436 requests have been rejected due to ineligibility, representing nearly a third of the files examined.
These statistics reflect a strong mobilization of banks to implement this legal provision, which aims to preserve the stability of the credit sector and support borrowers' purchasing power. The BFC emphasizes that the data is collected from all banks in the country and processed by its services to ensure rigorous monitoring of the law's application.
Article 412 ter of Law No. 2024-41, introduced to respond to the effects of rising interest rates, authorizes a partial reduction of interest due on fixed-rate contracts, provided that the borrower meets the eligibility criteria set by financial authorities.
